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Any experience with car title loans?
Posted by: Loan Maxx ()
Date: September 13, 2018 05:44AM

Thinking about getting a loan from one of these places. Has anyone ever had any experience with car title loans? What do you think the max I could get for my 2012 Toyota Corolla? Or would I get more selling it to Carmax?

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Re: Any experience with car title loans?
Posted by: Brown Onion ()
Date: September 13, 2018 07:27AM

Loan Maxx Wrote:
-------------------------------------------------------
> Thinking about getting a loan from one of these
> places. Has anyone ever had any experience with
> car title loans? What do you think the max I could
> get for my 2012 Toyota Corolla? Or would I get
> more selling it to Carmax?


They love beaners.

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Re: Any experience with car title loans?
Posted by: loan shark ()
Date: September 13, 2018 07:35AM

Loan Maxx Wrote:
-------------------------------------------------------
> Or would I get
> more selling it to Carmax?

If you can’t distinguish between a loan and proceeds from a sale, you should consider going back to school.

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Re: Any experience with car title loans?
Posted by: JBW ()
Date: September 13, 2018 03:23PM

Loan Maxx Wrote:
-------------------------------------------------------
> Thinking about getting a loan from one of these
> places. Has anyone ever had any experience with
> car title loans? What do you think the max I could
> get for my 2012 Toyota Corolla? Or would I get
> more selling it to Carmax?

Payday loans and car title loans are quicksand waiting for their next victim. Check the interest rate, then run away. Far. And quickly. They're for suckers. Or the desperate.

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Re: Any experience with car title loans?
Posted by: reality1 ()
Date: September 13, 2018 04:08PM

They charge ~~ 22% interest A MONTH --- or 244% interest a YEAR - so unless you plan on losing your title and the car WHY WHY WHY would you do this?

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Re: Any experience with car title loans?
Posted by: Fair Isaac ()
Date: September 13, 2018 04:15PM

reality1 Wrote:
-------------------------------------------------------
> They charge ~~ 22% interest A MONTH --- or 244%
> interest a YEAR - so unless you plan on losing
> your title and the car WHY WHY WHY would you do
> this?


To be somewhat fair to the rip-off scumbag scammers the default rate is probably around 90% too though.

Stupid either way.

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Re: Any experience with car title loans?
Posted by: Brown Onion ()
Date: September 13, 2018 04:53PM

They still allow gold chains as collateral? Asking for Leroy

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Re: Any experience with car title loans?
Posted by: Doug Tracht ()
Date: September 16, 2018 02:11AM

Payday loans are for retards and glum cunts.

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Re: Any experience with car title loans?
Posted by: Knower of things ()
Date: August 28, 2021 01:14PM

I visited a friend at an air force base in Nebraska. The checkpoint to enter was surrounded by pay day loan places on the off base side. Interest rates were at least 33%

It is sad that our elected politicians cant put a stop to this by putting a cap on interest rates more in line with a signature loan rate of 10%

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Re: Any experience with car title loans?
Posted by: They will find you ()
Date: August 28, 2021 11:16PM

Those car loan fuckers will slap a tracking device on your car as they are assessing its condition.
The tracking device is sms based on 2g,so its effective nation wide. That way when you default they can find you and repo your ride. That's in addition to a massive interest rate those leaches charge. The poor always pay more. When I was broke and struggling I had to pay an extremely high interest rate almost 40 percent for a household finance Corp loan, HFC, it took forever to pay off but I finally did. Once my credit rating improved and I have some assets I can dictate the rate I am willing to pay. For example I bought a new car at a 0 percent interest rate for 4 years. I did that for that length of time because it was free money. Also I carry a mortgage at 2%. It's cheap money and I am willing to use it to my advantage I feel I earned it.Unless you are in a real bind I would stay away from those car loan crooks the same for payday loans. Good luck.

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